The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Reactive Hot Melt Adhesives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Reactive Hot Melt Adhesives Global Market Report 2024, The reactive hot melt adhesives market size has grown strongly in recent years. It will grow from $1.26 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to growing end-use industries, shift towards sustainable adhesives, product performance and efficiency, stringent quality standards, cost-effective solutions. The reactive hot melt adhesives market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
The increase in residential construction projects is expected to boost the demand for reactive hot melt adhesives in the future. Residential construction involves building housing units for individuals or families, and the use of reactive hot melt adhesives in this sector enhances bonding solutions, leading to improved structural integrity and faster construction processes. For example, according to Oxford Economics, global construction output reached US$10.7 trillion in 2020 and is projected to grow by 42% to US$15.2 trillion by 2030, driven in part by a surge in residential construction projects. North America is expected to see a 32% increase, adding US$580 billion by 2030, while Western Europe is forecasted to grow by 23%, reaching US$2.5 trillion in construction output by 2030. Therefore, the rise in residential construction projects is driving the demand for reactive hot melt adhesives.
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The reactive holt melt adhesives market covered in this report is segmented –
1) By Type: High Temperature, Low Temperature
2) By Substrate: Plastic, Wood, Other Substrates
3) By Resin Type: Polyurethane, Polyolefin
4) By Application: Automotive and Transportation, Doors and Windows, Upholstery, Lamination, Textile, Assembly
Top Major Players
DOW Corning,
3M Company,
Henkel AG & Co KGaA,
Illinois Tool Works Inc.,
Royal DSM N.V.
The reactive hot melt adhesives market report table of contents includes:
1. Executive Summary
- Reactive Hot Melt Adhesives Market Characteristics
- Reactive Hot Melt Adhesives Market Trends And Strategies
- Reactive Hot Melt Adhesives Market – Macro Economic Scenario
- Global Reactive Hot Melt Adhesives Market Size and Growth
- Reactive Hot Melt Adhesives Market Segmentation
- Reactive Hot Melt Adhesives Market Regional And Country Analysis
…………….
- Key Mergers And Acquisitions In The Reactive Hot Melt Adhesives Market
- Reactive Hot Melt Adhesives Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Reactive Hot Melt Adhesives Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Reactive Hot Melt Adhesives Market, Segmentation By Substrate, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Reactive Hot Melt Adhesives Market, Segmentation By Resin Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………………
Table 75: DOW Corning Financial Performance
Table 76: 3M Company Financial Performance
Table 77: Henkel AG & Co. KGaA Financial Performance
Table 78: Illinois Tool Works Inc. Financial Performance
Table 79: Royal DSM N.V. Financial Performance
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